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Taylor, Attorney

Category: Estate Law

Satisfied Customers: 218

Experience: Attorney

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My ex-spouse left a pension. I think, though I do not know,

Customer Question

My ex-spouse left a pension. I think, though I do not know, he named no beneficiary. The company contacted me as spouse but when learn we had divorced said I did not qualify as a beneficiary. The fund provides that the funds will pass into his estate. He did without will in Arkansas. His heirs would be his two sisters who have stated they wish for me to have the money. What do we do.

Well, you did not answer my question. No parents, two siblings. A pension requires income tax. Is there a way that I would assume all tax liability or would they be liable for the tax ? If they pay the income tax and then gift me the money, will I owe tax on money over gift maximum?

Customer:replied 4 months ago.

I asked you to call. I did not receive call so I had better not be charged for call.

unfortunately there is not a way for you to initially assume the tax because they will be the recipients of the pension as the beneficiaries of the estate. does that make sense? let me know any further questions you have!

once you are satisfied, i would greatly appreciate a positive rating! that is the only way i am compensated by JA for my time and attention to your question and a positive rating does not cost you anything further!